Dsm Capital Partners buys $191 Million stake in Royal Caribbean Cruises Ltd (RCL)

Royal Caribbean Cruises Ltd (RCL) : Dsm Capital Partners scooped up 562,384 additional shares in Royal Caribbean Cruises Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,524,911 shares of Royal Caribbean Cruises Ltd which is valued at $191 Million.Royal Caribbean Cruises Ltd makes up approximately 3.20% of Dsm Capital Partners’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc boosted its stake in RCL in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 5,565 shares of Royal Caribbean Cruises Ltd which is valued at $420,937. Carnick Kubik added RCL to its portfolio by purchasing 12,429 company shares during the most recent quarter which is valued at $940,130. Royal Caribbean Cruises Ltd makes up approx 0.47% of Carnick Kubik’s portfolio.Algert Global reduced its stake in RCL by selling 4,075 shares or 54.55% in the most recent quarter. The Hedge Fund company now holds 3,395 shares of RCL which is valued at $256,798. Royal Caribbean Cruises Ltd makes up approx 0.10% of Algert Global’s portfolio.Brick Kyle Associates boosted its stake in RCL in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 483 shares of Royal Caribbean Cruises Ltd which is valued at $36,128. Royal Caribbean Cruises Ltd makes up approx 0.03% of Brick Kyle Associates’s portfolio.Nordea Investment Management Ab boosted its stake in RCL in the latest quarter, The investment management firm added 254,800 additional shares and now holds a total of 303,215 shares of Royal Caribbean Cruises Ltd which is valued at $23.5 Million. Royal Caribbean Cruises Ltd makes up approx 0.07% of Nordea Investment Management Ab’s portfolio.

Royal Caribbean Cruises Ltd closed down -2.31 points or -2.89% at $77.5 with 24,51,150 shares getting traded on Wednesday. Post opening the session at $79.55, the shares hit an intraday low of $77.32 and an intraday high of $79.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Royal Caribbean Cruises Ltd reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $1917.79 million for the quarter, compared to analysts expectations of $1911.18 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns various brands such as Royal Caribbean International Celebrity Cruises Pullmantur Azamara Club Cruises CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105750 berths. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries including Alaska Asia Australia Bahamas Bermuda Canada the Caribbean Europe the Panama Canal South America and New Zealand. Celebrity Cruises offers a variety of itineraries including Alaska Asia Australia Bermuda Canada the Caribbean Europe Hawaii New Zealand the Panama Canal and South America.

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